For those waiting until the last
minute... the clock is ticking.
ENG#=2 VO NAT

VO NAT There's a little over 36-hours
remaining to get that post-mark on your
return.

If you owe money to the
government, your return envelope better
have a check in.

At least 90-percent of the
payment is due in the mail tomorrow
whether you're filing for a six-month
extension or not.

ENG#=3 SOT FULL
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INQ= most folks

*CG 2line David Kembel
Tax Professional

04.46 "Most folks don't realize that
taxes are due on April 17th. All
they're doing is extending the final
paperwork. I have clients I'm meeting
today where we'll sit down and get a
rough estimate of what they're going to

owe and I'll just inform them to write
a check and usually I'll try to pad it
and stay on the conservative side to be
more than what they'll owe to cover
myself. They end up, when we do
finally file a return, getting a
refund." 05.14 (:30)

the odds are in its favor as they make
room for the Millionaire Raffle.
ENG#=3 VO-NAT
VO-NAT

*CG locator Courtesy: VA Lottery

The new game made its debut
yesterday. It is the first-ever raffle
to be introduced in the Lottery's
19-year history.

Here's how it works.

Buy a ticket at 20 dollars a pop
and on June 14th three tickets will be
worth one million dollars another three
- 50 thousand dollars, and 300 tickets
will be worth 500 bucks.
ENG#=4 SOT FULL
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INQ=WE ARE GOING TO PRINT...

*CG 2line Sheila Hill-Christian
Virginia Lottery 14:14:40 "WE ARE GOING TO PRINT
ONLY 330,000 TICKETS. THAT'S A VERY
LIMITED AMOUNT AS COMPARED TO THE FIVE
MILLION OR SO WE PRINT FOR A SCRATCH
GAME. WE'RE GOING TO SALE OUT FAST SO

the last minute, now's a good time to
be thinking about next year's filing.
ENG#=2 VO NAT

VO NAT For those who itemize, usually a
big chunk of their deductions come from
interest payments on their home
mortgage and property taxes.

For those who rent, often the
standard deduction is the only way to
go.

Anyone thinking about buying a
home in 2007 needs to think about the
timing of the purchase.

The earlier one buys a home, the
more interest one will pay.

That could go a long way in
determining if itemized-deductions are
an option.

PMI will be deductible on 2007
returns.

That will make a big impact on

the number of people who will be able
to itemize next year.
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INQ= Certainly

*CG 2line David Kembel
Tax Professional 02.43 "Certainly if you were to buy a
home in the second half of the year
there's a chance there wouldn't be
enough interest there to itemize. It's
hard to plan buying a home around your
income taxes, but all things being
said, if you have a choice of closing
in November or December or waiting
until January, it might be worth it
tax-wise to wait until January." 03.06
(:23)
RUNS= 23 (SOT FULL)

OQ= until January

VO NAT VO NAT

The addition of PMI to the list
of deductions is a big deal.

In years past, many people used
80- 0 mortgages to be able to write-off
all the interest.